Potlatchdeltic Corporation Stock Price, News & Analysis

PotlatchDeltic Corporation (Nasdaq: PCH) and CatchMark Timber Trust (NYSE: CTT) announced a definitive agreement for an all-stock merger. This combination aims to create a timber REIT with approximately 2.2 million acres of diversified timberlands, enhancing shareholder value. PotlatchDeltic's market capitalization post-merger is projected to exceed $4 billion, with total enterprise value over $5 billion. The transaction, providing a 55% premium on CatchMark’s stock price, is set to close in H2 2022, pending stockholder approval.

PotlatchDeltic Corporation (NASDAQ: PCH) released its 2021 ESG Report, showcasing its dedication to environmental stewardship and community support. The report highlights achievements such as the removal of 4.9 million metric tons of CO₂e, planting 23 million seedlings, and maintaining record-low injury severity rates. The company emphasizes enhancing board diversity and integrating ESG into management performance goals. PotlatchDeltic's commitment to sustainable practices aligns with frameworks like SASB and TCFD, reflecting its aim to create lasting shareholder value.

PotlatchDeltic Corporation (Nasdaq: PCH) has announced a quarterly distribution of $0.44 per share on its common stock. This distribution is set to be paid on June 30, 2022, to stockholders recorded by June 3, 2022. PotlatchDeltic, a leading Real Estate Investment Trust (REIT), manages approximately 1.8 million acres of timberlands across six states and operates multiple sawmills and a plywood mill. The company emphasizes its commitment to sustainable forest practices and responsible governance.

PotlatchDeltic Corporation (Nasdaq: PCH) reported a strong performance for Q1 2022, with net income of $163.9 million, or $2.35 per diluted share, on revenues of $411.4 million. Adjusted net income was $174.6 million, yielding $2.50 per diluted share. Highlights include a record Total Adjusted EBITDDA of $245.6 million and a robust liquidity position of $770 million. The company increased its regular dividend by 7.3% to $0.44 per share. Timberlands and Wood Products segments showed significant revenue growth, driven by higher prices and favorable conditions.

PotlatchDeltic Corporation (Nasdaq: PCH) is set to release its first quarter earnings on April 25, after market close. A live conference call will be held on April 26 at 9:00 a.m. PT to discuss these results. Investors can access the webcast via the company’s website or by calling designated numbers for the U.S. and international audiences. PotlatchDeltic manages about 1.8 million acres of timberlands across several states and operates multiple sawmills and a plywood mill, emphasizing sustainable forest management practices.

PotlatchDeltic Corporation (Nasdaq: PCH) announced an agreement to purchase a $70 million group annuity contract from American General Life Insurance Company. This transaction, effective June 1, 2022, allows American General Life to manage pension obligations for select retirees. Funded with plan assets, the company transfers the premium amount on March 17, 2022. The pension plan will remain well-funded, and benefits for participants will not change. PotlatchDeltic will incur a noncash pension settlement charge in Q1 2022, enhancing its balance sheet by reducing exposure to pension liability volatility.

PotlatchDeltic Corporation (Nasdaq: PCH) announced an upcoming series of presentations at investor conferences. Eric J. Cremers, CEO, and Jerald W. Richards, CFO, will provide a company overview at:

• BofA Securities Global Agriculture & Materials Conference on March 3 at 8:10 AM ET
• 43rd Annual Raymond James Institutional Investors Conference on March 8 at 11:35 AM ET
• 2022 Citi Global Property CEO Conference on March 9 at 9:00 AM ET

Webcasts will be available on PotlatchDeltic's investor page and archived for 30 days post-presentation.

The board of directors of PotlatchDeltic Corporation (Nasdaq: PCH) has declared a quarterly distribution of $0.44 per share. This payment is scheduled for March 31, 2022, to stockholders of record on March 4, 2022. PotlatchDeltic is a leading Real Estate Investment Trust (REIT) owning approximately 1.8 million acres of timberlands across several states, including Alabama and Idaho. The company is also involved in sustainable forestry, real estate development, and timber sales.

PotlatchDeltic Corporation (Nasdaq: PCH) reported Q4 2021 net income of $39.2 million, or $0.58 per diluted share, with revenues of $248.4 million. For the full year, net income reached $423.9 million, or $6.26 per diluted share, on revenues of $1.3 billion. Highlights include a record Total Adjusted EBITDDA of $652.9 million, significant returns to shareholders of $388 million through dividends, and strong liquidity of $595 million. However, Timberlands Adjusted EBITDDA dropped due to lower sawlog prices, while Wood Products experienced increased EBITDDA driven by elevated lumber prices.